Tekcapital Signs Agreement With Emprende UP To Expand Services In Peru

LONDON (Alliance News) - Tekcapital PLC on Tuesday said it has signed a strategic alliance ...

Alliance News 2 April, 2019 | 10:13AM
Email Form

LONDON (Alliance News) - Tekcapital PLC on Tuesday said it has signed a strategic alliance agreement with Emprende UP to provide technology transfer services in Peru.

Tekcapital is the AIM-listed company, which invests in new, university-developed intellectual properties to make it easy for organisations to commercialise university-developed technology.

Emprende UP is a platform of Universidad del Pacifico, which is Peru's leading business school. Through Emprende UP, the university has been securing seed funding and providing assistance to a large number of start-up companies nationwide, Tekcapital noted.

"The directors of Tekcapital believe Peru is a rapidly growing market for the company's technology investment and commercialisation services," said Tekcapital Executive Chair Clifford Gross.

"Our strategic alliance with Tekcapital will change the intellectual property landscape for universities and entrepreneurs in Peru," added Javier Salinas, director of Emprende UP.

Tekcapital shares were trading 8.0% higher on Tuesday at 6.75 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Tekcapital PLC 14.25 GBX -5.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Member User Agreement        Cookies